Is 20115, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 20115 was a Buyer's Market.
Key Takeaway
20115 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 20115, VA
How much do homes in 20115, VA cost?
Median Sold Price
$635,000
$251/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 20115 have sold for 27.6% more than they did a year ago.
Summary: The median home sold price in 20115 was $635,000 in March 2024, up 27.6% from last year, and the median price per square foot was $251.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $430K | - | N/A |
| 2 Bedrooms | $290K | $442.9K | +52.7% |
| 3 Bedrooms | $420K | $444.9K | +5.9% |
| 4 Bedrooms | $538K | $750K | +39.4% |
| 5+ Bedrooms | $839K | $1.0M | +19.2% |
Summary: 20115 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 52.7%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 39.4%, and 5+ bedroom homes increased by 19.2%.
Housing Supply in 20115, VA
How many homes are available in 20115, VA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 47 | 49 | +4.3% |
Summary: The 20115 real estate market had 49 homes for sale in March 2024, a 4.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 27 | 24 | -11.1% |
| 4 Bedrooms | 14 | 15 | +7.1% |
| 5+ Bedrooms | 5 | 9 | +80.0% |
Summary: The 20115 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 11.1%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 80%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 15 | 8 | -46.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20115, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in 20115 in March 2024, down by 46.7% month-over-month. Of the 8 sold homes, 63% were sold under asking, 38% were sold at asking, and 0% were sold over asking.
Days on Market for 20115, VA
How long does it take to sell a home in 20115, VA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 3 Days | 15 Days | +408.3% |
Summary: Homes in 20115 had an average of 15 days on market in Mar 2024, up by 408.3% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 20115 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 8 homes were sold in 20115; 88% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Information is provided by Charlottesville Area Association of Realtors®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user.